Ukrainian Armed Forces Fire Mortar Shells, Grenades on 4 LPR Localities
- LPR - Luhansk People's Republic, in Donbas region, a territory internationally recognized to be a part of Ukraine found in 2014.
- On the other side NATO has been deploying military equipment at the borders with Russia.
Impact: In such situation Panic level in financial institution will remain same. Which cause to safe heaven Gold remain in buying position only from selected levels
Technical: As Gold taken the yesterday Low 1845.6$ post the news of Russian Military back to their base from Ukraine Gold move down from its high 1881.6$ & clear its overbought zone. Now Upper side cap of 1895.6$ ( for Intraday) & 1910.2$ (Holding) will open as it cross & sustain 1884$+.
Till the time Current range remain 1881$ to 1851$.
This will work till the time Russia denies planning any attacks. Or any further news does not arrive.
Its a War situation so better to avoid sell position or no trade without SL in sell point. Keep eyes open for more upcoming news on Latest updates.
Range: 50500 - 49300
- Gold has a very strong resistance @ 50,500. It will try to back from this point till 49000.
- As it cross 50,500 will open the gate of 52578, which is a very long way to see only in a condition of Russia himself announce that we are attacking on Ukraine & execute then only its possible otherwise not.
Momentum Call: Sell Gold 49890 with SL 50001 for target 49700
Our Preference: Sell Gold 50250 with back up sell 50400 for target 49500 SL 50501+
Alternative Scenario: Buy Gold 49300+ for target 49880 with SL 49150
Positional Trader Buy Gold above 1884$ or at 1855$ @ the same price trade in MCX.
Range:63900 - 62500
Our Preference: Buy Silver 62700+ for target 63700 with SL 62400
Alternative Scenario: Sell Silver 63835 for target 62800 with SL 64150+